Nick Freihofer
Vice President and Chief Financial Officer - Dehumidification and DOAS at Madison Air- Claim this Profile
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Bio
Experience
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Madison Air
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United States
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HVAC and Refrigeration Equipment Manufacturing
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1 - 100 Employee
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Vice President and Chief Financial Officer - Dehumidification and DOAS
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May 2023 - Present
Cincinnati, Ohio, United States
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GE Aerospace
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United States
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Aviation and Aerospace Component Manufacturing
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700 & Above Employee
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Chief Financial Officer - Aftermarket Solutions
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Nov 2021 - May 2023
Cincinnati Metropolitan Area Responsible for the financials of GE Aerospace’s Spare parts division, the largest profit producer in the company. Accountable for driving the results and continuous improvement of a multi-billion dollar P&L and leading a team of seventeen.
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Executive - Director of Investor Relations
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Jul 2020 - Dec 2021
Cincinnati, Ohio, United States First person in newly created role chartered with enhancing relationships with investors, analysts and driving increased visibility to GE's largest business, GE Aviation.
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CFO - Sourcing
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Sep 2018 - Jul 2020
Cincinnati, Ohio, United States Responsible for execution of GE Aviation's annual direct material buy, building partnerships with suppliers and leading commercial negotiations with Aviation's supply base. - Led efforts to drive material cost productivity via strategic negotiations and expanded working capital via extending payment terms and reducing inventory. - Built and executed strategy for transition of GE Aviation's supplier finance program including renegotiating vendor terms with >1,000… Show more Responsible for execution of GE Aviation's annual direct material buy, building partnerships with suppliers and leading commercial negotiations with Aviation's supply base. - Led efforts to drive material cost productivity via strategic negotiations and expanded working capital via extending payment terms and reducing inventory. - Built and executed strategy for transition of GE Aviation's supplier finance program including renegotiating vendor terms with >1,000 suppliers.
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GE
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United States
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Industrial Machinery Manufacturing
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700 & Above Employee
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Corporate Audit Staff - Executive Audit Manager
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Sep 2017 - Sep 2018
Global Corporate Audit Staff is GE's premier leadership development organization. Teams conduct comprehensive reviews of GE businesses, including financial reporting, risk management, compliance and acquisitions/dispositions. Members of Corporate Audit start off as Associates and can be promoted to Audit Manager, Senior Audit Manager and Executive Audit Manager based on individual performance over a five year period. - Rose to highest level of Corporate Audit Staff and was responsible for the… Show more Corporate Audit Staff is GE's premier leadership development organization. Teams conduct comprehensive reviews of GE businesses, including financial reporting, risk management, compliance and acquisitions/dispositions. Members of Corporate Audit start off as Associates and can be promoted to Audit Manager, Senior Audit Manager and Executive Audit Manager based on individual performance over a five year period. - Rose to highest level of Corporate Audit Staff and was responsible for the risk assessment process, audit execution and advisory engagements for two GE businesses – GE Aviation (~$32B revenue) and GE Global Operations (10,000 employees). In my time as Executive Audit Manager, I led teams of ~60 people, communicated audit results through GE's executive team and Board of Directors and coordinated the response to and SEC investigation.
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Corporate Audit Staff - Senior Audit Manager
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Sep 2016 - Sep 2017
Global Senior Audit Manager: Responsible for multiple teams of 25+ individuals and leading strategy of financial audits and advisory engagements across GE businesses. The work of myself and my teams resulted in significant redesigns of inventory management practices and working capital improvements.
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Corporate Audit Staff - Audit Manager
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Sep 2015 - Sep 2016
Global Led teams of 5+ individuals in global audit and consulting assignments including leading integration support for GE's largest ever acquisition (Alstom). Developed significant expertise in Purchase Price Accounting while leading audits of long-term construction projects and coordinating compliance audits in conjunction with requirements from the United States Department of Justice (DOJ).
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Corporate Audit Staff - Associate
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Sep 2013 - Sep 2015
Global Completed global assignments in audit and advisory capacities across GE businesses including ERP integrations, the implementation of currency hedging programs and integration support for GE's largest ever acquisition.
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GE Aerospace
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United States
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Aviation and Aerospace Component Manufacturing
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700 & Above Employee
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Financial Management Program
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Jul 2011 - Aug 2013
Cincinnati Area The Financial Management Program (FMP) is a leadership development program focused on building expertise in corporate finance through four six-month assignments combined with four analytical courses: Foundations of Accounting, Operational/Cost Accounting, Financial Controls and Business Strategy. FMP creates a broad foundation of financial skills and gives significant exposure to the GE leadership team 1st Rotation: Military Customer Support | Cincinnati, OH 2nd Rotation:… Show more The Financial Management Program (FMP) is a leadership development program focused on building expertise in corporate finance through four six-month assignments combined with four analytical courses: Foundations of Accounting, Operational/Cost Accounting, Financial Controls and Business Strategy. FMP creates a broad foundation of financial skills and gives significant exposure to the GE leadership team 1st Rotation: Military Customer Support | Cincinnati, OH 2nd Rotation: Mechanical Systems FP&A, GE Aviation Systems | Cincinnati, OH 3rd Rotation: Manufacturing Finance, Supply Chain | Rutland, VT 4th Rotation: CFM CSA Finance Analyst, GE Engine Services | Cincinnati, OH Show less
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Omnium LLC
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United States
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Financial Services
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1 - 100 Employee
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Financial Control
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Jun 2010 - Aug 2010
Chicago, Illinois, United States
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Education
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University of Michigan - Stephen M. Ross School of Business
Master of Business Administration - MBA -
Indiana University - Kelley School of Business
B.S., Accounting and Finance